Movopack has raised £2 million (US$2.5 million) in a seed funding round to tackle e-commerce packaging waste in the UK. The seed funding was led by early-stage investor 360 Capital, with participation from Greiner Innoventures and Techstars. Movopack provides e-commerce platforms with circular and sustainable packaging and the funding will turbocharge its official launch in the UK — the company’s first expansion outside of Italy — to help tackle a growing packaging waste crisis, where an estimated 1.7 billion pieces of plastic are discarded weekly. Movopack’s packaging, made from recycled plastic bottles (rPET) and woven recycled PP, is designed to endure postal handling and can be reused by retailers up to 20 times.
